37 Whiting St, Hingham, MA 02043

Building Details

Building Size 4,286 SF More

Year Built 1978 More

Listing Agency: GRANITE GROUP REALTORSÂ Show Phone

Listed By: Jim McGue · License #455500136 Show Phone

Source: Clementsrealty

Added: Nov 6 Last Checked: Nov 6 at 2:28PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GRANITE GROUP REALTORSÂ

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Investment Insights

Based on property information with market context.

This 4,286-square-foot retail property, built in 1978, occupies a 3/4-acre lot and offers an open floor plan. The site has 28 parking spaces and BUS zoning. Architectural drawings and an engineering site plan are included for a proposed additional two-level building; the owner says the Planning office indicated the proposal would not require site plan review. Buyers should conduct their own due diligence regarding the plans and approvals.

The property is at 37 Whiting St in Hingham, along Route 53 near Queen Anne’s corner.

Key Highlights

• 4,286‑square‑foot retail space with an open floor plan
• 3/4‑acre lot with 28 parking spaces
• BUS zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$70,421

Cap Rate

3.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,408,420 $1.4M

Cap Rate 7%

$1,006,014 $1.0M

Cap Rate 9%

$782,456 $782.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,286 SF

Gross rent

$102.9K $24.00/SF

− Vacancy

−$2.3K −$0.53/SF

EGI

$100.6K $23.47/SF

− OpEx

−$30.2K −$7.04/SF

NOI

$70.4K $16.43/SF

Area

Plymouth County, MA

Vacancy

2.20%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,408,420

Cap Rate 7%

$1,006,014

Cap Rate 9%

$782,456

Alternative Uses

Best Use

Retail

$1.01M

$880.3K – $1.17M (±1% cap)

NOI $70,421 @ 7.0% cap · market cap 3.07%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.54M

$2.22M – $2.96M (±1% cap)

NOI $177,611 @ 7.0% cap · market cap 7.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

The Estate Sale Discount Store Matthews Jewelers (Bike/Boat/Book/etc) Store Hingham Institution for Savings Loan Service

Suggested Use

Top Pick Parking Lot & Garage Storage Facility Grocery & Convenience Store Bakery Carpet & Flooring Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

622

Businesses Nearby

139k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 39% Groceries 30% Shops & Services 24% Electronics 3%

Big Y World Class Market Groceries

41,277 visits/mo 0.3 miles

McDonald's Dining

21,221 visits/mo 0.4 miles

Taco Bell Dining

19,226 visits/mo 0.4 miles

Citizens Bank Shops & Services

8,802 visits/mo 0.4 miles

Dunkin' Donuts Dining

8,079 visits/mo 0.3 miles

Demographics for 02043, MA

24,272

Population

10,059

Households

2.4

Avg Household Size

45

Median Age

75%

College-Educated

98%

High-School Grad

22.2 sq mi

ZIP Area

1,093

Density / Sq Mi

$181,017

Median Household Income

$103,897

Median Earnings

$2,452

Median Rent

$1,075,100

Median Home Value

Market

Average Price Trend$/SF for Retail space in Plymouth County, MA

$335 Jul

$268 Aug

$199 Sep

$179 Oct

Properties on Market for Retail space in Plymouth County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - BUS-zoned commercial space includes a flexible interior and plans for a potential two-level addition.

Where is this retail space located?

The property is located at 37 Whiting St Hingham, MA.

What is the asking price?

The asking price for this property is $2,295,000.

What are key features of this property?

This property features: 4,286‑square‑foot retail space with an open floor plan; 3/4‑acre lot with 28 parking spaces; BUS zoning